UK-Based Future Acquires Purch for $132.5 Million

Future plc has reached an agreement to acquire U.S.-based rival Purch's consumer-facing brands, as well as its RAMP ad tech platform, for $132.5 million (£102 million), significantly expanding the London-based technology publisher's already growing North American footprint. Under the terms of the deal, expected to close in August, assets including Tom's Guide, Tom's Hardware, Live Science and Space.com, among other digital media brands—as well as Purch's multimillion-dollar ad tech licensing business—will join Future's U.S. portfolio, alongside consumer-facing brands such as PC Gamer and MacLife, and NewBay Media, which Future acquired in April for $13.8 million. "The two businesses share similar cultures," said Future CEO Zillah Byng-Thorne in a statement. "We both share our audiences' passion, we're data-driven, ambitious, and both have an innovative mindset. From day one, Future will be number-one in the U.S. consumer technology sector, and beyond this we see clear opportunities for combined growth." Not included in the sale to Future U.S. is Purch's small business-focused b2b unit, a portfolio whose properties include Business.com and Business News Daily as well as the online platform BuyerZone. That unit, which itself has expanded substantially in recent years under SVP and GM Aaron Bailey, will be rebranded as Business.com after the acquisition closes. "Our focus on content and commerce and the development of proprietary monetization technology enabled us to build a... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
News tagged with: #annual revenue #joining forces

Other Publishing stories related to: 'UK-Based Future Acquires Purch for $132.5 Million'


UK-Based Future Acquires Purch for $132.5 Million

Future plc has reached an agreement to acquire U.S.-based rival Purch's consumer-facing brands, as well as its RAMP ad tech platform, for $132.5 million (£102 million), significantly expanding the London-based technology publisher's already growing North American footprint. Under the terms of... Continue reading at Folio Magazine

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #annual revenue #joining forces


Baltimore-based lending software company to be acquired by Netherlands firm for $280 million

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Industry Notes: UK-based Book Aid International: 1.2 Million Books in 2019

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[ Publishing Perspectives | 2020-08-14 17:51:35 UTC ]
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Future Plc Acquires SmartBrief for $45 to $65 Million

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[ Folio Magazine | 2019-07-30 16:09:27 UTC ]
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Future plc iPad App Sales Hit $5 Million Since Newsstand Debut

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5 insights that will allow you to compete in the future of work

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HarperCollins will acquire the trade division of Houghton Mifflin Harcourt for $349 million.

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UK: Welbeck Acquires Australian Illustrator Robert Ingpen’s Backlist

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[ Publishing Perspectives | 2021-01-14 17:48:52 UTC ]
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Scholastic UK acquires book from Mangan siblings

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Yellow Kite acquires 'revolutionary' plant-based cookbook

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Wave.tv Secures $32 Million to License, Acquire Sports Media Brands

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Scholastic UK acquires 'heart-stopping' Windrush story by Zephaniah

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Sewickley-based software company acquired by Aderant

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